they could have gone over, but I agree -- simplest explanation is the best one... what's left in their toolbox? not much now
Steve Forbes was on the tube saying the Fed needed to signal to the markets they are going to undo the liquidity/inflation cycle... that was a round over the bow for sure
Keep an eye on gold! down I bet I have not looked
edit - now that I look, not so much down? very confusing markets
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